The proposed bill, General Assembly Proposed Bill No. 5110, seeks to amend chapter 219 of the general statutes to establish a specific sales and use tax rate for vehicles shared through peer-to-peer car sharing platforms. The bill stipulates that these vehicles will be subject to a tax rate of nine and thirty-five-hundredths percent, which aligns with the existing tax rate for the rental or leasing of passenger motor vehicles as outlined in sections 12-408 and 12-411 of the general statutes.

Additionally, the bill mandates that the revenue generated from this tax on peer-to-peer car sharing be deposited into the Special Transportation Fund. This change aims to clarify the tax obligations for peer-to-peer car sharing services and ensure that the resulting tax revenue supports transportation initiatives. The bill does not indicate any deletions from current law.